Once we receive your student’s Free Application for Federal Student Aid (FAFSA)
and his or her financial aid file is complete, our office will review the information provided on the FAFSA.
Expected Family Contribution (EFC)
The Expected Family Contribution (EFC) is a measure of your family’s financial strength and indicates how much of your family’s financial resources should be available to pay for your student’s educational expenses. The EFC is calculated by a formula established by the federal government.
Please note that the EFC is only a benchmark. It is used by DePaul and by federal and state programs to determine the types of aid for which your student is eligible. Your own family’s contribution to your student’s education may be more or less than this amount.
In your student’s file review, we estimate your student’s educational costs according to program of study, anticipated enrollment level and housing plans. The sum of your educational costs is referred to as your total Cost of Attendance (COA). The difference between your Cost of Attendance (COA) and the Expected Family Contribution (EFC) is your financial need.
After calculating your student’s financial need, we will put together the financial aid award and send an award notice. This notice will direct your student to the Financial Aid section of DePaul's student portal, Campus Connect
, so that he or she can view his or her financial aid award. The award will typically consist of a package of financial aid programs: that is, a combination of types of aid for which he or she is eligible. It is important to accept online the financial aid awards that your student wishes to receive.
We begin reviewing FAFSA results and creating financial aid packages in March for new students and in May for continuing students. If we need additional information, we will notify your student by email. Students who file their FAFSA and submit all additional required documents prior to March 1 should receive an official financial aid award from DePaul by the end of May.